Asian hedge fund specialists GFIA estimate that there are now 760 funds dedicated to Asian markets. In its latest report, the firm comments: "Out of the
reporting managers, 481 are run out Asia. As the competition for scarce asset
intensifies, a significant number of previously "under-the-radar" managers have
registered themselves on hedge fund databases to raise public exposure." However, they also note that a noticeable number of very small funds have ceased to update their profiles on
databases. "We suspect this is either due to poor performance, or the time lag between
liquidation and being eventually classified as such on databases. These managers
are not necessarily leaving the industry, but are consolidating with larger managers, or
closing the fund management entities to focus on managing proprietary capital. We
are also aware that a number of the very large funds increasingly prefer not to report to
databases; the transparency of the Asian hedge fund industry continues to decrease.
Funds which are closed to new money also do not have any incentive to report."

GFIA reports for the first half of 2013, they saw six new launches and 10 closures. "The new
launches were mostly small start-ups focusing on long short equities. In terms
of closures, we saw relative value strategies retreat the most relative to the
size of their strategy buckets, although long-short funds saw the most e......................